AXS (Axie) rate forecast for January 2024

Welcome to the crypto site. My name is Victor, and today: AXS (Axie) rate forecast for January 2024. Join the discussion on the topic

AXS (Axie) rate forecast

Investing in crypto
Hello, my name is Victor. Today, on the 5th of January 2024, I would like to share with you my thoughts and analysis on investing in Axie Infinity (AXS). Axie Infinity is a gaming token with a very active community that has been operating since 2018. This game attracts not only children but also adults, allowing them to earn money. However, you need to invest money to earn money. In my personal opinion, this company is currently very underestimated.

Crypto trading
On the monthly timeframe, AXS shows a correlation with bitcoin. In 2021, AXS made a significant surge to the highest prices, showing an increase of 600% per month. After that, there was a decline, and now the coin is trading at around $9, with a high of $134-160. I see great potential for a return to previous highs.

Buyer/seller sentiment
There is a positive sentiment among investors on the AXS market. The majority of market participants are set for growth, although there are also opinions about a possible correction. Indicators on the weekly chart show a possible decline, but with further growth.

Summary of the exchange rate forecast for the month
To sum up, I believe that AXS could show positive dynamics in January 2024, but with a consolidation phase and a slight decline. Traders should be careful and follow market signals.